2003-02-28 House Journal

2003-02-28 House Journal Page 0336HB 16
The House Special Committee on Oil & Gas has considered:
HOUSE BILL NO. 16
"An Act amending the standards applicable to determining
whether, for purposes of the Alaska Stranded Gas Development
Act, a proposed new investment constitutes a qualified project,
and repealing the deadline for applications relating to the
development of contracts for payments in lieu of taxes and for
royalty adjustments that may be submitted for consideration under
that Act; and providing for an effective date."
and recommends it be replaced with:
CS FOR HOUSE BILL NO. 16(O&G)
"An Act amending, for purposes of the Alaska Stranded Gas
Development Act, the standards applicable to determining
whether a proposed new investment constitutes a qualified project,
the standards used to determine whether a person or group
qualifies as a project sponsor or project sponsor group, and the
deadline for applications relating to the development of contracts
2003-02-28 House Journal Page 0337
for payments in lieu of taxes and for royalty adjustments that may
be submitted for consideration, and modifying the conditions
bearing on the use of independent contractors to evaluate
applications or to develop contract terms; and providing for an
effective date."
The report was signed by Representative Kohring, Chair, with the
following individual recommendations:
Do pass (6): Chenault, Fate, Rokeberg, Crawford, McGuire, Kohring
The following fiscal note(s) apply to CSHB 16(O&G):
1. Zero, Dept. of Community & Economic Development
2. Fiscal, Dept. of Natural Resources
3. Fiscal, Dept. of Revenue
HB 16 was referred to the Resources Committee.